Fantom

A significant milestone has been reached with the deployment of the first Fantom validator utilizing Sonic technology. This paves the way for unleashing Sonic's impressive speeds on the Opera mainnet, achieving approximately 2,000 transactions per second with sub-second finality. The validator page is now available for viewing.

Fantom, a fast and scalable next-generation Layer-1 platform, has announced the addition of another angel investor to its funding round. Stani Kulechov, the founder of Aave and Avara, has joined the investment. Aave is an open-source and non-custodial protocol that allows users to earn interest on deposits and borrow assets, with over $11 billion in total value locked.

Fantom has announced the launch of its canonical stablecoin USDC.e, a bridged version of USDC on the Wormhole network. USDC.e is bridged from native USDC on Ethereum and can potentially be upgraded to native USDC by Circle in the future. The initiative aims to reduce liquidity fragmentation, introduce stability, and provide additional on-ramps onto the Fantom ecosystem. Developers can build on USDC.e without needing to change code if it upgrades to native USDC. Users can store, pay, trade, borrow, and lend with USDC.e, which would automatically become native USDC upon an upgrade. Fantom and Circle will provide liquidity for USDC.e on Wormhole, making it accessible for bridging assets to Fantom.

Michael Egorov, the founder of Curve, a decentralized exchange and automated market maker for efficient trading of stablecoins and other assets, has joined as an angel investor in Sonic's funding round. Curve has committed to launching on the Sonic platform, which is a fast and scalable next-generation Layer-1 platform.

The Fantom Foundation has announced the launch of its canonical stablecoin, USDC.e, powered by Wormhole and utilizing Circle's Bridged USDC Standard. USDC.e is designed to operate on the Fantom network, which is a fast and scalable next-generation Layer-1 platform.

Fantom has announced plans to launch its highly scalable Sonic mainnet in late summer or early fall of 2024. Sonic will serve as a decentralized sequencer for Layer 1 and Layer 2 blockchains, capable of processing over 180 million daily transactions with sub-second finality. The launch will be accompanied by a rebranding of Fantom as a community-centric platform. Key updates include a simplified staking mechanism, liquid staking support, expanded grant programs, and rewards campaigns for existing and new users. Fantom aims to introduce a canonical stablecoin and explore further scaling solutions like parallel execution and zk-proofs. With strong backing from stakeholders, Fantom is committed to this major evolution leveraging its innovative Sonic technology.

The Fantom Foundation retweeted about an upcoming podcast interview with Michael Kong, the CEO of Fantom. The interview, which was recorded earlier, is expected to provide insights into Fantom's SONIC protocol, Andre Cronje's involvement, stablecoins, liquid staking, and the future direction of the Fantom platform. The Fantom community is advised to subscribe and enable notifications to receive an alert when the podcast is uploaded in the coming hours.

The Fantom Foundation shared significant updates and announcements related to the Fantom ecosystem this week. The GMSONIC show featured a deep dive into the latest update from Michael Kong, discussing its implications for SONIC and the upcoming months. Additionally, the show recapped the activities of established projects like Spirit DEX, SpookySwap, Beethoven X, and Equalizer on the Fantom network.

The Fantom Foundation retweeted about an upcoming podcast interview with Michael Kong, CEO of Fantom. The hour-long interview is said to contain valuable insights into Fantom's SONIC upgrade and its future plans. The podcast will be uploaded in a few hours, and listeners are encouraged to subscribe and enable notifications to ensure they don't miss it.

Sonic Labs, an initiative by Fantom, is positioning itself as a launchpad for the next generation of innovative and game-changing protocols. According to the announcement, Sonic Labs goes beyond being a traditional incubator, aiming to nurture concepts and transform them into venture capital-ready projects. The core principles behind Sonic Labs were explored by Sjors Harcourt, highlighting the platform's focus on fostering groundbreaking ideas within the Fantom ecosystem.